Robeco Institutional Asset Management B.V. Decreases Holdings in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Robeco Institutional Asset Management B.V. has reduced its stake in DICK'S Sporting Goods by 13.2%, now holding 27,746 shares valued at approximately $5.48 million.
• Insider trading activity includes the sale of 13,334 shares by EVP Navdeep Gupta and 20,083 shares by CEO Lauren R. Hobart, reflecting significant decreases in their respective positions.
• DICK'S Sporting Goods recently reported EPS of $4.38, surpassing analyst expectations, and announced a quarterly dividend of $1.2125 per share, yielding 2.1% annually.

Robeco Institutional Asset Management B.V. cut its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 13.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,746 shares of the sporting goods retailer's stock after selling 4,235 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in DICK'S Sporting Goods were worth $5,488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Private Trust Co. NA grew its stake in shares of DICK'S Sporting Goods by 54.1% in the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock valued at $38,000 after buying an additional 66 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in DICK'S Sporting Goods by 1,435.7% in the 1st quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock worth $43,000 after acquiring an additional 201 shares during the period. Bessemer Group Inc. grew its position in DICK'S Sporting Goods by 49.3% in the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock valued at $44,000 after acquiring an additional 72 shares in the last quarter. Ancora Advisors LLC raised its stake in shares of DICK'S Sporting Goods by 85.4% during the first quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer's stock valued at $46,000 after purchasing an additional 105 shares during the period. Finally, Brooklyn Investment Group raised its stake in shares of DICK'S Sporting Goods by 91.2% during the first quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer's stock valued at $52,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

Insider Transactions at DICK'S Sporting Goods

In other news, EVP Navdeep Gupta sold 13,334 shares of DICK'S Sporting Goods stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total value of $3,000,150.00. Following the completion of the transaction, the executive vice president directly owned 74,444 shares of the company's stock, valued at approximately $16,749,900. The trade was a 15.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lauren R. Hobart sold 20,083 shares of the business's stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the sale, the chief executive officer directly owned 299,990 shares of the company's stock, valued at approximately $66,204,793.10. This represents a 6.27% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,720 shares of company stock worth $9,432,412. Insiders own 32.55% of the company's stock.

Analyst Upgrades and Downgrades

DKS has been the subject of several analyst reports. Cowen restated a "hold" rating on shares of DICK'S Sporting Goods in a research note on Monday, August 18th. Telsey Advisory Group restated an "outperform" rating and set a $255.00 target price on shares of DICK'S Sporting Goods in a research note on Friday, September 19th. Loop Capital set a $215.00 target price on DICK'S Sporting Goods and gave the stock a "hold" rating in a research report on Wednesday, July 30th. The Goldman Sachs Group assumed coverage on DICK'S Sporting Goods in a report on Tuesday, September 23rd. They issued a "buy" rating and a $274.00 price target for the company. Finally, DA Davidson set a $250.00 price objective on DICK'S Sporting Goods in a report on Friday, August 29th. Eleven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, DICK'S Sporting Goods presently has an average rating of "Hold" and an average price target of $232.05.

DICK'S Sporting Goods Trading Down 0.6%

Shares of NYSE DKS opened at $229.95 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. The stock's 50 day moving average price is $221.40 and its two-hundred day moving average price is $202.09. DICK'S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The stock has a market capitalization of $18.42 billion, a P/E ratio of 16.06, a PEG ratio of 3.32 and a beta of 1.06.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, topping the consensus estimate of $4.30 by $0.08. DICK'S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the firm earned $4.37 EPS. The business's revenue was up 5.0% on a year-over-year basis. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, September 12th. DICK'S Sporting Goods's dividend payout ratio is 33.87%.

DICK'S Sporting Goods Profile

DICK's Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.

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